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A company pays $130,500 in cash and stock to acquire 75% of the voting stock of another company. The fair value of the noncontrolling interest
A company pays $130,500 in cash and stock to acquire 75% of the voting stock of another company. The fair value of the noncontrolling interest is $39,500, and the fair value of the acquired companys identifiable net assets is $70,000. What percentage of total goodwill is allocated to the controlling interest?
a. 78%
b. 80%
c. 76%
d. 77%
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